Funding you earn now, next payment 04:00 UTC+0.0140%/8h= +15.4% APRnext payment +$0.18 per $10,000 · paid last 24h +0.035%
Price spread now: Lighter against Polymarket Perps+0.163%7-day average +0.136% · you sell dearer than you buy
Net, funding: paid 7d − costs+$33as in the Funding arb table
Net, price: spread back to 7d avg − costs−$14as in the Price arb table
costs, in and out, $10k−$170.171% of the position
Funding, last 7 days+0.501%+$50 on $10k
+Price spread, last 7 days−0.081%−$8 · spread now +0.163%, 7d avg +0.136%
=Together, before fees+0.420%+ Points / potential airdropLighter: Season 3 · farm board+$42 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Lighter is 0.027% dearer against Polymarket Perps than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.136%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps HOOD-USD | 121.31 | −0.0108 | get 0.0014% / 1h | 14m 28s | $252K | $344K | 10x |
| Short | Lighter HOOD | 121.51 | 0.0032 | get 0.0004% / 1h | 14m 28s | $2.8M | $3.1M | 10x |
Polymarket Perps HOOD-USD
Lighter HOODFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Polymarket Perps. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $29.5
- Price spread: +0.163% → +0.136%
- $2.74
- Slippage, 4 orders
- −$9.12
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $15.12
- Costs to cover
- 0.171%
- Break-even
- 3.4 days
Slippage from Polymarket Perps: live order book, 43 min ago; Lighter: live order book, 3 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Polymarket Perps live order book, 43 min ago | 2.88 bp | 8.4 bp −$8 | 8.5 bp −$85 | 10.7 bp −$1,069 | doesn't fit |
| Sell Lighter live order book, 3 min ago | 0.66 bp | 1.0 bp −$1 | 3.4 bp −$34 | 324.6 bp −$32.5K | doesn't fit |
HOOD on 30 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective HOOD/USDC PERP | −0.0440% | 1h | 121.28 | −0.025% | $58K | $57K | 30x | as long as short |
| Polymarket Perps HOOD-USDlong | −0.0108% | 1h | 121.31 | long leg | $252K | $344K | 10x | |
| Gate HOOD_USDT | −0.0059% | 8h | 121.55 | +0.198% | $577K | $7.8M | 50x | as long as short |
| Aster HOODUSDT | 0.0000% | 8h | 121.56 | +0.210% | $106K | $280K | 20x | as long as short |
| Extended HOOD_24_5-USD | 0.0000% | 1h | 121.49 | +0.152% | $358K | $1.3M | 10x | as long as short |
| Binance HOODUSDT | 0.0000% | 8h | 121.53 | +0.179% | $20.9M | $90.9M | 20x | as long as short |
| Bybit HOODUSDT | 0.0000% | 8h | 121.52 | +0.173% | $3.9M | $8.7M | 25x | as long as short |
| OKX HOOD-USDT-SWAP | 0.0000% | 8h | 121.52 | +0.173% | $2.7M | $6.0M | 20x | as long as short |
| RISEx HOOD/USDC | 0.0000% | 1h | 121.54 | +0.190% | $398K | $1.4M | 10x | as long as short |
| Bitget HOODUSDT | 0.0000% | 8h | 121.55 | +0.198% | $5.4M | $9.6M | 20x | as long as short |
Injective HOOD/USDC PERP
Gate HOOD_USDT
Aster HOODUSDT
Extended HOOD_24_5-USD
Binance HOODUSDT
Bybit HOODUSDT
OKX HOOD-USDT-SWAP
RISEx HOOD/USDC
Bitget HOODUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni HOOD | 0.0000% | 8h | 121.51 | +0.168% | $2.3M | $1.1M | — | as long as short |
| GRVT HOOD_USDT_Perp | 0.0000% | 8h | 121.51 | +0.165% | $857K | $2.0M | 10x | as long as short |
| Deribit HOOD_USDC-PERPETUAL | 0.0000% | 1h | 121.50 | +0.157% | $6K | $56K | 10x | as long as short |
| Phemex HOODUSDT | 0.0000% | 8h | 121.50 | +0.157% | $994K | $8K | 10x | as long as short |
| Vest HOOD-USD-PERP | +0.0017% | 1h | 121.31 | 0.000% | — | $63K | 25x | as long as short |
| QFEX HOOD-USD | +0.0029% | 1h | 121.49 | +0.148% | $1.3M | $3.6M | 10x | as long as short |
| Lighter HOODshort | +0.0032% | 1h | 121.51 | +0.163% | $2.8M | $3.1M | 10x | |
| Arcus HOOD-USD | +0.0040% | 1h | 121.43 | +0.099% | $1.1M | $1.7M | 10x | as long as short |
| tradeXYZ xyz:HOOD | +0.0050% | 1h | 121.45 | +0.115% | $51.7M | $28.3M | 10x | as long as short |
| SoDEX HOOD-USD | +0.0050% | 1h | 121.47 | +0.135% | $733 | $4K | 10x | as long as short |
| Ondo Perps HOOD-USD.P | +0.0050% | 1h | 121.44 | +0.107% | $1.2M | $1.5M | 15x | as long as short |
| Coinbase International HOOD-PERP-INTX | +0.0096% | 1h | 121.10 | −0.173% | $193K | $1.9M | 10x | as long as short |
| Pacifica HOOD | +0.0100% | 1h | 121.45 | +0.120% | $68K | $105K | 10x | as long as short |
| KuCoin HOODUSDTM | +0.0100% | 8h | 121.58 | +0.223% | $1.3M | $1.2M | 20x | as long as short |
| ApeX Omni HOODUSDT | +0.0100% | 1h | 121.46 | +0.124% | $5K | $41K | 50x | as long as short |
| Orderly PERP_HOOD_USDC_mythos | +0.0100% | 8h | 121.53 | +0.181% | $2K | $2K | 10x | as long as short |
| Aevo HOOD-PERP | +0.0104% | 1h | 121.48 | +0.137% | $16K | — | 10x | as long as short |
| BloFin HOOD-USDT | +0.0120% | 8h | 121.54 | +0.190% | $175K | $162K | 20x | as long as short |
| Phoenix HOOD | +0.0132% | 1h | 121.41 | +0.082% | $28K | $238K | 10x | as long as short |
| edgeX HOODUSDC | +0.0778% | 4h | 121.51 | +0.166% | $366K | $306K | 10x | as long as short |
Variational Omni HOOD
GRVT HOOD_USDT_Perp
Deribit HOOD_USDC-PERPETUAL
Phemex HOODUSDT
Vest HOOD-USD-PERP
QFEX HOOD-USD
Arcus HOOD-USD
tradeXYZ xyz:HOOD
SoDEX HOOD-USD
Ondo Perps HOOD-USD.P
Coinbase International HOOD-PERP-INTX
Pacifica HOOD
KuCoin HOODUSDTM
ApeX Omni HOODUSDT
Orderly PERP_HOOD_USDC_mythos
Aevo HOOD-PERP
BloFin HOOD-USDT
Phoenix HOOD
edgeX HOODUSDC